About Eligible
Eligible is a company based in San Francisco (United States) founded in 2011. It operates as a API-as-a-Product. Eligible has raised $27.88 million across 3 funding rounds from investors including Y Combinator and QueensBridge Venture Partners. The company has 10 employees as of April 06, 2024. Eligible offers products and services including Insurance Billing APIs. Eligible operates in a competitive market with competitors including Perfios, ABI Health, Osigu, TriZetto and Anagram, among others.
- Headquarter San Francisco, United States
- Employees 10 as on 06 Apr, 2024
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Sectors
HealthcareFinancial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Eligible Research And Development Center Private Limited
- Date of Incorporation 11 Jan, 2014
- Jurisdiction Jaipur, Rajasthan, India
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Annual Revenue
$1.2 M (USD)-0.57as on Mar 31, 2023
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Net Profit
$174.85 K (USD)13.03as on Mar 31, 2023
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EBITDA
$208.17 K (USD)-29.66as on Mar 31, 2023
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Total Equity Funding
$27.88 M (USD)
in 3 rounds
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Latest Funding Round
$25.2 M (USD), Angel Round
Apr 29, 2016
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Investors
Y Combinator
& 1 more
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Employee Count
10
as on Apr 06, 2024
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Products & Services of Eligible
Eligible offers a comprehensive portfolio of products and services, including Insurance Billing APIs. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
APIs for insurance billing in healthcare businesses provided.
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Funding Insights of Eligible
Eligible has successfully raised a total of $27.88M across 3 strategic funding rounds. The most recent funding activity was a Angel Round round of $25.2 million completed in April 2016. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Angel Round — $25.2M
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First Round
First Round
(18 Oct 2012)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2016 | Amount | Angel Round - Eligible | Valuation |
investors |
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| Jan, 2015 | Amount | Series A - Eligible | Valuation | Y Combinator , QueensBridge Venture Partners |
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| Oct, 2012 | Amount | Seed - Eligible | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Eligible
Eligible has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Y Combinator and QueensBridge Venture Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Early-stage startups are accelerated via funding and educational programs.
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Founded Year | Domain | Location | |
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US focused VC firm
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Eligible
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Eligible
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Eligible Comparisons
Competitors of Eligible
Eligible operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Perfios, ABI Health, Osigu, TriZetto and Anagram, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provides financial technology solutions for data analysis and verification globally.
|
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| domain | founded_year | HQ Location |
AI-driven solutions for healthcare operations are provided.
|
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| domain | founded_year | HQ Location |
Online claims processing is facilitated for the insurance industry.
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| domain | founded_year | HQ Location |
Software solutions for healthcare payers and providers are offered.
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| domain | founded_year | HQ Location |
Anagram is focused on vision insurance billing solutions.
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| domain | founded_year | HQ Location |
Digital medical cost management solution for payors and employers
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Eligible
When was Eligible founded?
Eligible was founded in 2011 and raised its 1st funding round 1 year after it was founded.
Where is Eligible located?
Eligible is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is Eligible a funded company?
Eligible is a funded company, having raised a total of $27.88M across 3 funding rounds to date. The company's 1st funding round was a Seed of $329.92K, raised on Oct 18, 2012.
How many employees does Eligible have?
As of Apr 06, 2024, the latest employee count at Eligible is 10.
What is the annual revenue of Eligible?
Annual revenue of Eligible is $1.2M as on Mar 31, 2023.
What does Eligible do?
Insurance billing APIs are offered by Eligible to support healthcare businesses. Solutions are focused on streamlining billing processes within the healthcare sector. Integration of these APIs is aimed at improving efficiency for providers and organizations.
Who are the top competitors of Eligible?
Eligible's top competitors include Perfios, ABI Health and Anagram.
What products or services does Eligible offer?
Eligible offers Insurance Billing APIs.
Who are Eligible's investors?
Eligible has 2 investors. Key investors include Y Combinator, and QueensBridge Venture Partners.
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